More big news out of Washington! After months of anticipation, the U.S. Senate on November 30 unanimously passed legislation to help protect small businesses from overreaching federal regulations.
The legislation, championed by Senators John Thune (R-SD) and Mark Begich (D-AK), will exempt veterinary practices and other health-care practices from the Federal Trade Commission’s (FTC) burdensome Red Flags Regulation, which would force them to develop and implement an unnecessary identity theft program.
On December 7, the U.S. House of Representatives passed this legislation on the suspension calendar – an expeditious procedure for passing relatively noncontroversial or emergency measures by a two-thirds vote – during the lame duck session.
The President will have the bill to sign before the end of the year.